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Bullish article on from the Globe And Mail about the Germany solar+storage market that mentions Sonnenbatterie.
http://www.theglobeandmail.com/report-on-business/sun-and-wind-power-are-great-until-the-weather-doesnt-co-operate/article27396400/
Just came across this competitor: https://plastc.com
It's the only other one I've seen that is similar to Wocket. Not public though.
seekingalpha.com/news/2941046-the-u-s-army-to-test-hydrogen-chevy-pickup
There is a similar report from RMI (Rocky Mountain Institute) about storage. A long and very detailed research paper about the trends, technologies, and economics of storage (grid-tied and non). It also paints a very rosy future for a tech like Ideal has that works with all solutions.
I'm happy to continue waiting. Discovering a stock like this one too early can be frustrating, but is still better than discovering it too late.
ha, no.. still holding the last speculative position I took. I figured it's either all lost, or this might pop on _any_ sign of life from the company.
Don't take my posts wrong.. I hope this company succeeds, and not simply because I have a (very) small position. I like the MFRC concept, and the world NEEDS large-scale ERC deployments. I just think they're still years away from commercial traction. And lately, the market agrees with me.
If all that were true, why is this company's market cap less that a single-family house in my neighbourbood?
You have been misinformed. H2 for energy (storage, FCs) is working very well, and the economics are solid. I don't get your link between H2 and fossil fuels -- this is imagined (or simply a dated concept from the 80's and 90's). We are in 2015, and H2 projects are exploding (pun intended) around the globe. No safety issues.
Something may indeed "best it", but it's also improving rapidly and its the focus of munch R&D by many big players. If H2 is a good idea today, imagine in 20 years with even more improvements!
The alternatives are mostly still on the lab table, with only theoretical advantages, which may, themselves, be "bested" by more innovation in H2.
LOL H2 production and storage is perfectly safe. Only issue is the cost of having a unit like this in every garage... that won't happen anytime soon.
But for other applications such as buses, stationary power, and moving goods (forklifts, etc), a single refuelling station can easily serve hundreds of vehicles at a very low cost.
H2 will be a big part of the energy mix we need to ween ourselves off fossil fuels. Other FC's maybe too, if they can prove their viability. Still waiting on Mantra's promises there...
Two and a half pennies? Almost want to take Ecomike off ignore to hear the new (same?) excuses.
Today, only $20k will get you into the 1% club!!!!
Acquisition by GE at this point would be a rounding error for GE in their books
EcoNav is sham company, created to give the illusion of P2O having a potential client. I believe Bordy's behind it.
Their website is even for sale: econavllc.com
People should be in jail.
I have to say that Kathy Ireland is not the most dynamic interviewer I've ever seen. That said, IMO the interview was good. Nice to see the endorsement from the Dubai Investments guy, and to get a glimpse of their production facilities.
The CEO had hinted in the past that this clip would have footage of some middle-east projects, but we only saw the Swiss and Austrian sites. Too bad.
He also said that the broadcasting of this interview would mark the beginning of a broader media campaign -- I'm hoping that we see some sign of this very soon.
SEC filings still pending though...
I finally get it. At first I thought it was an outright falsehood saying they are working with O'Brien & Gere, but they cleverly worded it as "the O’Brien & Gere project opportunity team" (i.e. does not comprise anyone from O&G.. just those working on the "O&G opportunity").
Heddle and Bordynuik should be in jail.
As of today, of the 4 analysts now covering IPWR:
Oppenheimer as "Outperform" with a target of $17 (+112%)
Roth Capital as "Buy" with target of $17 (+112%)
Craig Hallum as "Buy" with target of $18 (+125%)
not sure who the 4th one is...
FYI, since that post I have re-opened a speculative position (at roughly half the price of the prior one).
But for the record I still think this company has a long long way to go before they are profitable. A "speculative" position is for just in case I'm wrong, as I do like their technology.
SwissINSO feature on Worldwide Business with kathy ireland has been posted on youtube:
https://www.youtube.com/watch?v=HH4aaOuMDKY
(I like the plug at the end where he compares Kromatix to Intel's Inside(TM) concept. Bring in on Rafic!)
Has Rick resigned yet? Won't be long now I guess. I can't believe this is still trading. Still holding onto much of my 99% loss though LOL.
What's Bordy up to these days? Cruising the NF strip in his hummer?
Crazy. Down 4% today before the earnings report, and another 1% after hours. The market is completely oblivious to this company's potential. I'm freakin' delighted to have been able to take such a substantial position in this company at these prices. IMO, 2016 will see Ideal Power thrust onto the global stage and finally receive the attention of the investor community.
This stock is an easy double from here by EOY 2016 (I'd expected much sooner but they are still soooooo undiscovered). And it still packs a potential 10x in 4-5 years from now.
Great conf call today -- the company is firing on all cylinders. Wake up Mr. Market.. you have a giant in the making....
A few snippits from the call just now:
Backlog as of yesterday is 22MW (so including the 14.5MW recently PR'd)
power conversion market today is $50bn, will be $70bn by 2020
BESS payback is typically 3-5 years
project financing is a key enabler for turn-key solutions, most partners that don't have it already are working on adding it
GexPro just added this, and will soon announce their "Fortune500 partner" to cover project financing for their clients
will announce "additional channel partners in the coming weeks, and their names will be familiar to those who follow this market"
expect 125kW units to be the majority of the backlog from now on
a new customer in Asia will be announced by EOY
Asia TAM will likely rival that of the US, but not for another couple of years
Solar integrators are adding BESS to their mix, and expected to start placing orders soon. They bring an existing pipeline of business to the table.
Took a multi-unit order from Enerdell for mobile power military app
Boeing project for distributed generation: testing done, customer demo in Q4
VFD demo underway at UofTexas (doing a direct comparison with world leader in VFD). Results of that will impact their go-to-market strategy
First EU B-TRAN patent expected tomorrow
No need to raise capital .. orders are "self funding"
4 firms covering IPWR now (incl C. Hallum, Roth, and recently Oppenheimer)
Have "IP licensing discussions underway with another potential licensee with significant market opportunity", may be several months before this closes, if at all.
Will seek Australian certification in early 21016 -- see much C&I opportunity there
BTRAN: initial results expected in early 2016, getting more excited about its potential as they progress.
Some of the new/forthcoming partners will rival GexPro in terms of their order pipeline
They have indeed moved, and are now colocated with their Swiss distribution partner, Solstis, I'm told. The Web design company happens to be in the same building too.
It's Switzerland, after all... smaller world, smaller country
Hmm, that's the address of their Web design company I believe. The prior address was at EPFL (Lausanne University) space I think, so I'm not sure what's up there...
address & phone number changes? If you mean the entity that put out the PR (the contact info at the bottom of the page), that's because it was the PR firm of the TV show, not of SwissINSO.
Finally! Will be nice to see.. it's the first publicity they have sought themselves in many years I believe, and given how cautious the CEO is about getting all the ducks lined-up, it should mark the beginning of a larger push to commercialize and promote their products.
SEC docs are way overdue though. IR told me 3 weeks ago that they should be done that week.
We need a corporate update from the CEO next, to tell us what the SEC filings won't. Hope we get one before the EOY.
The company has a shiny new website. And in their 125kW datasheet they've noted the CEC efficiency as "best in class" (at 96.5% average).
Incidentally, the company has quoted a range of between 2000 and 4000 annual units sold (of the 30kW units) in order to reach cash flow positive (ref: http://seekingalpha.com/article/2675555-ideal-powers-ipwr-ceo-dan-brdar-on-q3-2014-results-earnings-call-transcript?part=single )
That's 60MW (to 120MW) annually.
Assuming the same numbers can be applied for their 125kW units (i.e. margin per W is the same), at the low end of that guidance today's PR was precisely the amount they need to sell each quarter to generate positive cash flows.
$1.16 OK too?
Up 15% on 10x volume is a good sign. And IMO 15MW orders will not be PR worthy in a few more quarters.. it'll be just SOP.
Looking forward for the call on Nov 10.
Yes, this company is very much under the radar. Most people here, IMO, aren't surprised by the news or the rise is share price today. Personally I'll be yawning until we pass $15...
Nice: http://money.cnn.com/news/newsfeeds/articles/marketwire/1226674.htm
14.5 MW from existing clients for CA and HI. So that adds about $3.5 million to the 2016 backlog. Nice to see this traction!
Tesla is getting into the C&I / utility space now too:
http://greenvirals.com/this-new-tesla-battery-will-power-your-home-and-maybe-the-electric-grid-too/
Unless I'm mistaken, Ideal's IR replied that the Israeli converter company that Tesla had chosen was incapable of providing > 20kW, multi-port or bi-directional capabilities, which would surely be required for this new offering. If that's the case, surely Tesla needs a new power converter partner, no?
Are you suggesting that the French government should/could/would rig the EU grant program in order to benefit a company in which they have a large shareholding?
You are also predicting a 30x price surge from today's levels, should Alstom secure some EU grant funding?
LOL
gimme a break. You click the big blue button on that page that says "Battery Technical Overview" and search in the document for "volumetric energy capacity".
disclaimer: I too hold a very small position in Mantra. Very speculative (IMO), but worth the risk for a small amount. I have bought & sold Mantra on 2 occasions in the past, each time incurring a small loss.
I'm here for the science, but am not very confident in the managements team's ability to grow a blockbuster company here. IP licensing would be the best way to go IMO.
Yes, strong demand from a huge market just days after certification was granted. That's surely a sign of good things to come.
I don't know about the rest of you, but the longer I see the share price of Ideal Power at these prices, the more excited I get about what it might do when it finally takes off. Could it be that they reach profitability before their market cap exceeds $100m? I can't wait for this company to finally get the limelight it deserves from the investment community, and attract funds and institutional investors in larger numbers. That should drive the share price to all-time highs and beyond.
I'm also keen to learn about their backlog now, including the 125kW units. We should hear about that on Nov 10. Q4 will be the inflection point for this company IMO, and 2016 will be its breakout year.
And then in 2017 we'll have B-TRAN commercialization underway, which will add to the excitement.
Anyone care to chime in on the MRFC space in general, and the potential threat to Mantra's IP by emerging tech (e.g Dr. Licht from GWU)? I'm not provoking, just trying to see if MVTG longs follow the space in general, or just blindly follow Mantra? (ok, that was provoking..)
Personally, before I invest in a micro (nano) cap company, I learn the space. I try to establish a landscape of competition and market potential... I do not simply trust the company's own statements about this (well, I used to, but I got burned and learned my lesson).
So if you follow Mantra and believe their MRFC tech is the cat's ass of fuel cell technology, I invite you to share for us all any objective competitive analysis. Ecomike has shared (shoved?) his comparison with H2-based FC's, but there's a far larger competitive landscape out there including other mixed-reactant technologies. I posted yesterday about one with a theoretical 10x improvement on energy density over formate salts using in Mantra's FC's.
There is also the fact that Ballard is going to release an FC membrane that does NOT use expensive rare-earth material like platinum, which would seem to chip away at one of the proclaim "moats" of Matra's MRFC advantages.
Tesla turns to LGChem for batteries, shunning Panasonic.
http://www.valuewalk.com/2015/10/tesla-partner-lg-chem-battery-supply/
I wonder if this might extend to the PowerWall business, and if so... whether Ideal's converters may replace the Israeli company's inverters that Tesla has previously announced they'd be using. If Ideal wanted a reason to enter the residential space, surely a partnership with Tesla would be it. Whether the "numbers makes sense" or not for residential, Ideal would be one of the providers best positioned to profit from a large-scale deployment of any type (residential, commercial, industrial, micro-grid, grid base load....).
Anyone here following the MRFC research coming out of Dr. Licht's team at George Washington University? Still also at the lab stage, but showing one variant with an energy density of 30kWh/l, and another showing 9kWh/kg.
Unless my math is off, Mantra's Formic Acid system claims energy density of up to 900kWh/tonne, or a little under 1kWh/kg, in which case Dr. Licht's FC tech is a 10x improvement on Mantra's tech, albeit with some drawbacks such as operating temperature.
Very exciting space to say the least.... FC's of all types will be very prevalent in the decades to come.
Vague. No mention of who the "prospective technology development partners" is, which country this is in, what application it might be used for, what the terms of the project are, nor the expected timelines. It's just a PR saying that they've started to discuss something with somebody about some ideas.
This is not news. This should be expected of Mantra, if their tech is viable. In fact one would hope they have a dozen similar discussions underway.
Wake me when they 8K something material that signifies commercial traction.
I misspoke. It is Lafarge who doesn't appear willing to put up more money, hence this part of the filing where it's implied the EU grant is the company's primary hope to continue into Phase 4. I admit it was speculation on my part -- should the EU grant not go through, Lafarge may well still foot the bill. It just doesn't sound that way.
No, I did not mention that particular part of my Mantra moan today That one doesn't warrant any ridicule. Other parts, however, paint a significantly less rosey picture than options priced above mkt value (which, incidentally, is not wa wa wa wee wa good, just normal).